The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-10-12
THE WEEKS TRADE.
StrirgtncY Not Yet Eatirsly Relieved BY the
Governments Action.
Effect of the Baltimore and Ohio Telegraph
Deal-The Iron Trade-The Quarters
FaiIures-Notes.

New YORK, October 7.-R. G. Dunn &
Co., in their weekly review Of trade, says:
Every condition for a marked advance in
prices has now been supplied that govern
ment or operators can control. If the ad.
vance does not come, it Will be clesr that
the locking up of capital in railroad and
other building, IN real estate operations
and IN speculations of various kinds, has
more depressing influence than many rea-
lie. The absorption Of the Baltimore and
Ohio telegraph by the Western Uaion, re-
moves an important cause of hesita-
ton in the stock market; progress
toward reconstruction in Reading.
and settlement of Western rate
troubles removes others; treasury pur-
cbases of bonds and imports of gold sup
ply money in abundance, and railroad
earnings continue to exceed those of last
year. The increased supply of money is
not yet felt at all points. Chicago is SHIP
ping less money TO the country, though
loans to carry grain in other cities are
large, and the commercial demand is
greater than usual, but at Omaha money
is very tight and merchants are complain
ing; trade is called excellent, but coIlec-
tons only fair; at Detroit increased de-
mand arises the rate, and collections are
low; at Cleveland money is close, with
business better; a. Kansas City the market
is close and collections only fair, but trade
is good; at Denver sharp demand is free
ly met, and at Southern points the pres
sure is made little less severe by some
improvement in collections.
The iron trade is but little weakened by
the enormous output which was 1876 per
cent. above the output a year ago. Best
grades are still firm; No. 2 is plenty aud
grey forge IN over supply. Some Eastern
mills offer rails at $50 for next years de-
livery and bar is q little weaker. The mar.
kets for copper, tin and lead are stronger
Wool remains easy and dull; Boston re-
ceipts and sales less than half last years
and the sales since January l over % per
cent below last years. The boot and shoe
trade is larger than that of last year, ship
ments thus far showing an increase of 3
per cent, and the outlook is considered
encouraging.
Cotton is a shade lower in spite of the
exceedingly gloomy reports sent out from
Southern districts. at New Orleans an IN
crease of 1880 bales in the crop is esti-
mated. But crops are generally disap-
pointing, because planting and labor called
for larger yield than has been realized.
The dry goods trade shows no important
change, and one OF the more important
labor difficulties, the window glass strike,
has been terminated.
The quarterly statement of failures
shows that the past disturbance has been
more serious than many rsalizsd. The
average of liabilities to all firms in bust
ness was SIS 90 for the quarter, and was
$97 40 in the second quarter of 1884, in
Guiding the GraEt-Ward failure, but with
that exception has not been as large in any
charter since 1878. The business failures
occurring throughout the country during
the last seven days, number for the nited
STATES 195 and for Canada 81 The nasua l.
ties in the Eastern and Middle States are
very light, the great bulk Of the failures
of the week being reported from the West
and Smith